I have a past exam question on cash budget where the figures are given for the period November to June including the following:-
7. The opening balance is Rs15,000.
Then part a requires a creation of the cash budget from January to June.
My question is, is the opening balance given for November or for January? Logically, I think it is for November.
7. The opening balance is Rs15,000.
Then part a requires a creation of the cash budget from January to June.
My question is, is the opening balance given for November or for January? Logically, I think it is for November.